I shot half a day with graduation stuff, so I’m just going to throw out a favorite Nilsson clip of mine as a comment cleaner (but, seriously, it’s worth watching):
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Here’s today’s swing-trading watch-list:
Short Marriott International (MAR)
Some folks just don’t know when to quit.
Ellen Pao, as you’ll recall, sued VC legend Kleiner Perkins for discrimination. Before the trial, KP offered her nearly $1 million as a settlement. She refused.
She went on to lose the case. KP then presented her with a $1 million demand for legal costs, which they said would disappear if she promised not to appeal.
So now she’s appealing.
I think she embraces risk and shuns reward. It’s a strange approach.
On the daily chart the main thing that happened yesterday was that bulls tried to break back over the middle band and failed. Unless that changes quickly then the next obvious target is either the the 50 MA and EMA in the 2100 area, or the triple support/target at the 100 MA, the lower band and rising wedge on the middle rising wedge (mummy bear) of the three bearish rising wedges, all in the 2081-4 area, that I was looking at yesterday morning. I’m strongly favoring that lower target. SPX daily chart: